Authentic Brands Group has hired former WarnerMedia executive Jessica Holscott as chief financial officer.
She succeeds Kevin Clarke, co-founder and longtime leader of the company, who will become the company’s executive vice chairman.
Authentic has a portfolio of dozens of entertainment, media and lifestyle brands (including Marilyn Monroe, Elvis Presley and Muhammad Ali, as well as apparel manufacturers such as Brooks Brothers and Reebok) generating $23 billion in annual retail sales in 150 countries.
At WarnerMedia, Holscott served as EVP and CFO of Studios and Networks. She previously held senior positions at HBO and GE Capital.
As CFO of Authentic, Holscott will lead the company’s finance teams, working with Founder, Chairman and CEO Jamie Salter and the executive team to shape financial strategy and tax performance. She will be based at the company’s headquarters in New York City and report directly to Salter.
“We are very excited to welcome Jessica to Authentic,” said Salter. “Jessica has a proven track record of generating revenue and profitability at scale with the most impressive companies in the industry. Her financial acumen, strategic thinking and operational experience will be a valuable asset as we continue to grow our portfolio and advance our business around the world.”
“I am excited to join the Authentic team and strengthen the company’s strategic expansion and growth plans,” said Holscott. “Authentic has a strong market position with significant global opportunities. I look forward to working with Jamie, the leadership group and the finance team as they collectively strive to execute market-specific initiatives and increase value for all shareholders.
Writer: father Hayes
Source: Deadline
Elizabeth Cabrera is an author and journalist who writes for The Fashion Vibes. With a talent for staying up-to-date on the latest news and trends, Elizabeth is dedicated to delivering informative and engaging articles that keep readers informed on the latest developments.
